DraftKings, a sports betting company, said Wednesday it filed with the Federal Election Commission (FEC) to create a corporate political action committee (PAC).
DraftKings’s PAC will fall under the separate segregated funds (SSF) category, which means the committee can solicit contributions only from individuals associated with a connected or sponsoring organization, according to the FEC.
“We have established this PAC to support state and federal candidates and organizations who have shown an interest in issues affecting our business,” a company spokesperson told The Hill.
DraftKings fell under scrutiny in recent years due to their alleged attempt to “obstruct or impair competition” in the sports betting industry, which is a violation of federal antitrust laws.
